Tesla, Twitter shares drop as Elon Musk’s legal issues grow

Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk’s electric vehicle company has fared worse, with its stock down almost 16% so far this week … Read more

Elon Musk buys Twitter for $44 billion and will privatize company

Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on social and economic issues to more than 83 million followers. The outspoken Tesla CEO, who is also the world’s wealthiest … Read more

How Elon Musk Could Arrange The Massive $43 Billion To Buy Twitter

The purchase isn’t straightforward, but Elon Musk has several financing paths. One option is to sell his Tesla shares outright. Another is borrowing against them to stage a leveraged buyout, possibly with outside partners. Musk, 50, currently has about $3 billion in cash or other somewhat liquid assets after spending $2.6 billion buying a 9.1% … Read more

Elon Musk Is Confident We Will Solve ‘the Climate Issue’

Elon Musk said he is confident society will solve “the climate issue,” it’s just a question of when. He predicted that solar power “will be the main long-term way that civilization is powered.”  But until that transition is made, he said countries need to maintain nuclear energy. Something is loading. Elon Musk is optimistic about … Read more

Now, Maharashtra and Punjab invite Elon Musk’s Tesla to set up unit

After Telangana, Maharashtra and Punjab on Sunday invited Elon Musk, the chief executive officer of US-based electric vehicle manufacturer Tesla, to set up a production unit in their states. After Musk tweeted about “challenges with the government” in connection with his firm’s plans to launch its products in India, Minister Jayant Patil responded on Twitter … Read more

India asks Starlink to obtain license for internet services

The government has asked Starlink Internet Services of Elon Musk‘s SpaceX aerospace company to comply with the country’s regulatory framework before offering its satellite-based internet services. A Communications Ministry statement late Friday said that because Starlink is not the holder of a license, the public is advised not to subscribe to Starlink services that are … Read more

Elon Musk proposes selling 10% of his Tesla stock in a Twitter poll

Billionaire Elon Musk on Saturday asked his Twitter followers to decide whether he should sell 10% of his Tesla stock, promising to “abide by the results of this poll, whichever way it goes.” “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” … Read more

Elon Musk trolls Tim Cook on Twitter over Apple’s $19 cleaning cloth

Tesla CEO Elon Musk has trolled Apple CEO Tim Cook on Twitter over Apple’s new $19 cleaning cloth. In celebration of Apple’s new store in Istanbul, Cook tweeted on Friday: “Introducing Apple Bagdat Caddesi, our beautiful new store in Istanbul. We’re glad to be a part of this vibrant community and we can’t wait to … Read more